Ares to acquire Pegasus Business Park

Ares Management said Monday its real estate fund have agreed to buy Pegasus Business Park from SEGRO PLC for € 83.4 million (US$113.4 million). Pegasus Business Park, located near the Brussels International Airport and eight kilometres from the city centre, was initially developed by SEGRO between 1999 and 2003. Pegasus Business Park consists of nine office buildings and an underground car park extending over 83,384 square meters.

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